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Universities that do not return to face-to-face teaching this coming academic year should not be charging full fees, the education secretary has told Sky News.

Speaking to Kay Burley, Gavin Williamson said: “I think if universities are not delivering what students expect, then actually they shouldn’t be charging the full fees.”

Live updates as students receive their A-level results

He said the government has made it “clear” that “all universities can move back to face-to-face teaching”.

“That’s what we want to see,” Mr Williamson added.

Pressed on what the government could do if some institutions do not go back to in-person lectures and seminars, the education secretary acknowledged that universities were “autonomous”.

But he stressed: “Our direction is clear and we do expect all universities, unless there’s unprecedented reasons, to be moving back to the situation of actually delivering lessons and lectures face-to-face.”

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Mr Williamson said ministers would give the Office for Students – the independent regulator of higher education in England – “all the power and all the backing” in pursuing universities “that aren’t delivering enough for students that are paying their fees”.

The education secretary’s comments come on the day hundreds of thousands of students in England, Wales and Northern Ireland receive their A-level results.

Mr Williamson said employers “can have real confidence” in the grades that will be awarded, with a “rigorous system of grading and awarding” in place.

“People have been awarded this grade on the basis of evidence,” he continued.

“We took a difficult decision, and that decision was children were to be assessed on what they had been taught. We have seen various amounts of disruption around the country and children’s experiences have been different.

“But still, you have a very clear grading system, you still see children who are achieving A*s, As, Bs, Cs, have really achieved so very, very much, and I think employers can have real confidence in the grades that they get. Let’s not forget this is an unprecedented year.”

Mr Williamson said that while the government will consult on a contingency plan “largely based around” teacher-assessed grades for next year, he hopes exams will be able to be held as normal.

He said: “We very much hope that we will be moving to a system of where we are able to move into the more normal pattern of examinations from next year, but always conscious that [in] this pandemic, we have not always been able to predict the course of it, it has continuously changed, and it’s absolutely right that we have contingencies there, as we always do.”

Asked if he was ruling out having to scrap exams once again, the education secretary replied: “We are very much planning to move back to examinations as a form of assessment, but we always have to have a contingency plan in place, and that’s why we will be consulting in the next academic year on those plans.”

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CFTC’s Caroline Pham confirms push to greenlight leveraged crypto trading in US

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CFTC’s Caroline Pham confirms push to greenlight leveraged crypto trading in US

Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month.

In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and that she is in talks with regulated US crypto exchanges to launch leveraged crypto spot products next month.

Pham also confirmed that she continued meeting with industry representatives despite the government shutdown. The regulator is also currently considering issuing guidance for leveraged spot crypto products.

The news comes after the CFTC launched an initiative in early August to enable the trading of “spot crypto asset contracts” on exchanges registered with the regulator. In an announcement at the time, Pham invited comment on the rules that governed “retail trading of commodities with leverage, margin, or financing.”

According to the Federal Register, the Commodity Exchange Act “provides that a retail commodity transaction entered into with a retail person which is executed on a leveraged or margined basis” is “subject to the Commission’s jurisdiction, unless the transaction results in actual delivery of the commodity within 28 days of the transaction.” Consequently, leveraged crypto spot positions would only be allowed if their duration were limited to 28 days or they would be illegal.

Related: Republican Senator Says There’s a Small Time Frame for Passing Crypto Bill

Crypto pushes forward despite shutdown

A US government shutdown occurs when Congress fails to pass an annual spending bill or a short-term continuing resolution, blocking much of the federal government’s spending. In such situations, non-essential services are paused, some workers are furloughed, and others work without pay.

The current shutdown started on Oct. 1. However, Sunday reports suggest that the shutdown is likely nearing its end as the Senate moves to consider a continuing resolution to fund the government.

CFTC, United States, Cryptocurrency Exchange
The US Capitol, housing the US Congress. Source: Wikimedia

Related: Michael Selig Confirms CFTC Nomination, but Questions Linger

The report follows speculation about the impact of the government shutdown on progress in US crypto regulation. Early October reports noted that the SEC began its shutdown by announcing that it would “not engage in ongoing litigation,” except for emergency cases.

Despite this, at the end of October, many US senators reportedly moved to advance a bill on crypto market structure rules, despite the shutdown. Reports from earlier this month also suggest that meetings on the bill are still taking place in the US Senate despite the shutdown.